EVgo

What EVgo does

EVgo (Nasdaq: EVGO) is a US-based, publicly traded operator of one of the largest public direct-current fast charging (DCFC) networks in the United States. Founded in 2010 out of NRG's California energy settlement and listed via SPAC merger in July 2021, the company runs more than 5,100 DC fast charging stalls across 47 states, achieving 366 GWh of network throughput in 2025 and 91 GWh in Q1 2026. Its network targets high-power 350kW charging (capable of adding roughly 100 miles of range in ~7 minutes) using both CCS and NACS connectors, and is accessible via the EVgo mobile app (iOS/Android), RFID, or direct credit card payment at the station. The company also owns the PlugShare EV driver app and crowdsourced charging-data platform, acquired in 2021 via the $25M Recargo purchase, providing navigation, reviews, and route-planning functionality.

The company's primary customer base is individual EV drivers (1.6M+ accounts), supplemented by B2B site-host partners (Kroger, Pilot/Flying J, Toyota co-branded stations) and fleet operators led by Uber, whose rideshare drivers account for approximately 25% of energy dispensed. Revenue is generated through usage-based per-kWh charging fees, the eXtend managed-services program (1,070 stalls at end of 2025, with $4.3M Q1 2026 gross margin from sales-type leases), and dedicated fleet/autonomous vehicle charging partnerships. Strategic integration into GM's Energy Pass platform (covering 60-70% of US DC fast chargers), Toyota Empact co-branding, and $1.05B in conditional US Department of Energy loan capacity support a multi-year buildout toward a stated 15,000+ stall target by 2029. EVgo reported $384.1M in FY2025 revenue (up 50% YoY) and achieved its first positive Adjusted EBITDA—$12M for FY2025 and $24.9M in Q4 2025—marking the company's transition into operational profitability.

Name

EVgo

Legal name

EVgo Services LLC

Website

https://evgo.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

EVgo operates one of the largest US public DC fast charging networks, with 5,100+ stalls across 47 states serving individual EV drivers, rideshare operators, retailers, and automakers under usage-based, managed-services, and fleet-charging revenue models.

Ownership category

akta.pro rank

Product category

Electric Vehicle Charging Infrastructure

akta.pro primary industry

EV Charging Operations & Parking-Lot Electrification Management (BPABAKAK)

akta.pro secondary industries

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE), EV Charging Settlement, Billing & Roaming (Payments, Tariffs, Clearing) (EUAFAMAI)

Keywords

• DC fast charging
• EV charging network
• Public EV charging
• Fleet charging infrastructure
• Automaker charging partnerships

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Charging Network Revenue: Revenue from direct EV charging sessions at EVgo-operated DC fast charging stations. Customers pay per kWh for electricity dispensed during charging sessions. Network achieved 91 GWh throughput in Q1 2026 and 99 GWh in Q4 2025, with charging network revenue hitting record $64 million in Q4 2025 (up 37% YoY).
2. eXtend Program: Managed charging services where EVgo designs, builds, and operates charging stations for site hosts (partners). The eXtend program doubled its stall count to 1,070 in 2025, providing recurring revenue from site host management fees and sales-type leases generating $4.3 million gross margin in Q1 2026.
3. Fleet/Autonomous Vehicle Charging: Dedicated charging infrastructure and utilization guarantees for rideshare and autonomous vehicle fleets, including Uber's $100 million investment commitment and utilization guarantee agreements for hundreds of new charging points in priority urban corridors.
4. Autonomous Vehicle/Ancillary Revenue: Revenue from AV charging infrastructure partnerships and ancillary services, part of EVgo's non-charging network segment growth alongside eXtend.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

EVgo owns, operates, and services one of the largest public DC fast charging networks in the United States, with over 5,100 high-power (up to 350kW) charging stalls across 47 states accessible to EV drivers via mobile app, RFID, or credit card. Beyond consumer-facing fast charging, EVgo offers managed charging services through its eXtend program for site hosts, co-branded and white-label solutions for automakers, and dedicated charging infrastructure with utilization guarantees for rideshare and autonomous vehicle fleets.

Product overview

EVgo offers a unified platform for public DC fast charging, centered on its core EVgo Public Fast Charging Network (5,100+ stalls across 47 states). The company's primary customer-facing products include the EVgo Mobile App with real-time charger availability and Autocharge+ plug-and-charge functionality, plus specialized offerings for rideshare drivers (EVgo for Rideshare) and business/automaker partners (Business & Commercial Solutions, Automaker Partners). Following the 2021 acquisition of Recargo, EVgo integrated the PlugShare EV charging app into its ecosystem to enhance driver route planning and network interoperability. The eXtend program extends charging to truck stops via Pilot/Flying J partnerships, while GM Energy Pass integration enables EVgo access through automotive brand apps. The portfolio spans B2C fast charging services, B2B site hosting partnerships, automaker co-branding, and fleet/rideshare solutions.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Add up to 100 miles of range in approximately 7 minutes with 350kW ultra-fast chargers
• +5 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• UbercoreGTM or Marketing Partner · 18 February 2026Uber and EVgo announced a strategic charging partnership on Feb 18, 2026. Uber committed $100M+ to build AV charging hubs and entered utilization guarantee agreements with EVgo for hundreds of new chargers in New York, Los Angeles, Boston, and San Francisco. Rideshare drivers account for ~25% of EVgo's energy dispensed (up from 10% in 2021), and Uber expects to deploy robotaxi services in at least 10 US cities by end of 2026 with EVgo infrastructure support.
• Alliance for Automotive InnovationstrategicStrategic or Co-development Partner · 29 January 2026EVgo became the first EV charging infrastructure company to join the Alliance for Automotive Innovation (A2I2), an industry association that includes automakers, suppliers, battery manufacturers, and autonomous vehicle companies. EVgo's membership is intended to provide the charging infrastructure perspective to help drive policies benefiting the EV charging infrastructure and supply chain.
• Kroger Family of StorescoreChannel Partner/ Reseller/ Distributor · 17 January 2026EVgo expanded its partnership with Kroger to install at least 150 fast-charging stalls per year through 2035 at Kroger Family of Stores locations. First expanded site is operational in Salt Lake City, Utah, with additional rollout planned in Arizona, California, Florida, Georgia, Texas, and Washington. Stations feature up to 16 high-power stalls per location. Partnership began in 2022 and spans the retailer's full family of banners.
• Toyota Motor North AmericacoreStrategic or Co-development Partner · 1 March 2025EVgo and Toyota opened their first co-branded DC fast charging stations in Baldwin Park and Sacramento, California under Toyota's Empact initiative. Stations feature 350kW chargers serving up to eight vehicles simultaneously. This partnership is part of Toyota's strategy to expand charging infrastructure for its EV customers.
• General Motors (GM)coreTechnology or IntegrationGM launched Energy Pass, a unified public charging platform integrated into GM's MyChevrolet, MyCadillac, and MyGMC apps. At launch, Energy Pass covers Tesla Supercharger, IONNA, and Electrify America, with EVgo and ChargePoint integration scheduled to follow, collectively covering approximately 60-70% of US DC fast chargers. GM is also piloting Vehicle-to-Grid technology with utilities including DTE Energy and Pacific Gas & Electric.
• Pilot Company (Pilot and Flying J Travel Centers)coreChannel Partner/ Reseller/ DistributorEVgo partnered with Pilot and Flying J truck stops to deploy high-speed fast charging infrastructure at travel center locations along major US transportation corridors. This partnership supports EV drivers on long-distance travel and complements EVgo's highway corridor strategy.

Scale indicators15 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Blink Charging: Blink Charging operates a public EV charging network spanning Level 2 and DC fast charging stations across the US, competing with EVgo for individual drivers, fleets, and site host partnerships. Blink's smaller DCFC footprint and broader Level 2 focus position it as a direct but smaller-scale competitor in shared target markets.
• ChargePoint: ChargePoint operates one of the largest EV charging networks in North America, competing directly with EVgo across DC fast charging (DCFC) and Level 2 stations for retail, commercial, and fleet customers. Both companies serve overlapping customer segments (individual drivers, site hosts, automakers) and compete for the same B2B partnership economics with retailers and OEMs.
• Electrify America: Electrify America operates a nationwide DC fast charging network built from Volkswagen's dieselgate settlement, with overlapping footprint and target customers. Both networks are integrated into GM Energy Pass, and they compete head-to-head for highway corridor sites, retail partnerships, and automaker co-branding opportunities.
• Tesla Supercharger (Tesla Energy): Tesla's Supercharger network is the largest DC fast charging network in the US and EVgo's most significant competitor. With the NACS connector becoming the US standard, Tesla has opened its network to non-Tesla EVs, directly competing for the same urban and highway corridor sites that EVgo targets. Tesla's vertical integration (in-house chargers, vehicles, software) creates a structural cost advantage.

Broad incumbents

• BP Pulse: BP Pulse is BP's global EV charging subsidiary operating DC fast and Level 2 charging networks across the US, UK, and Europe. As part of a major oil major with vast capital resources and highway corridor real estate, BP Pulse competes with EVgo for fleet, retail, and highway corridor sites, with broader strategic backing but less DCFC specialization.
• Shell Recharge (Greenlots): Shell Recharge is Shell's global EV charging business (built around the acquired Greenlots platform), operating a multi-tier network spanning home, workplace, and public DC fast charging across multiple geographies. As part of Shell's integrated energy strategy, it competes with EVgo for highway corridor sites, retail partnerships, and fleet customers, with broader capital and energy-supply integration.

Emerging players

• Circle K (Couche-Tard) EV Charging: Circle K's parent Couche-Tard is deploying a fast-charging network across its North American convenience store footprint, including pilot programs with major DCFC partners. With prime real estate at urban and highway sites and strong convenience retail traffic, Circle K represents an emerging competitor that could leverage site host advantages against EVgo's B2B partnership model.
• IONNA: IONNA is a charging network joint venture backed by eight major automakers (BMW, Mercedes-Benz, Honda, GM, Hyundai, Kia, Stellantis, Toyota) building a nationwide DC fast charging network. As an automaker-backed consortium with deep OEM relationships, IONNA is a strategically significant emerging competitor that could displace EVgo in co-branded and OEM-integrated deployments.

Regional players

• FLO (AddÉnergie): FLO is one of North America's largest charging network operators, with significant Canadian presence and growing US operations. While FLO's core market is Canada and it serves some L2 segments EVgo does not, its DC fast charging expansion into the US positions it as a relevant regional competitor for EVgo.
• Allego: Allego operates a public DC fast charging network across Europe with similar managed-services and site-host partnership models to EVgo's eXtend program. While Allego's primary footprint is European (not directly competing with EVgo in the US), it offers a comparable business model and serves as a transatlantic reference for EVgo's managed charging strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/evgonetwork
• YouTubeyoutube.com/user/evgonetwork
• Facebookfacebook.com/evgonetwork
• LinkedInlinkedin.com/company/evgo
• Instagraminstagram.com/evgonetwork
• TikToktiktok.com/@evgonetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EVgo